1741578 Alberta Ltd.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, and sections 13(2) of the Judicature Act, 99(a) of the Business Corporations Act, and 65(7) of the Personal Property Security Act
- File
- 2003 10327
1741578 Alberta Ltd. has been in court-appointed receivership since September 8, 2020, under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, in the Court of King's Bench of Alberta. The proceeding remains active. Servus Credit Union is the primary secured creditor, owed $2,003,920.17 as of September 3, 2021, accruing at a per diem of $370.99, on security comprising a mortgage against real property and a general security agreement over all present and after-acquired personal property; counsel for the Receiver has opined that Servus holds first position. Priority claims include $79,131.77 in Town of Sylvan Lake property taxes, penalties and interest as of September 9, 2021, CRA deemed trust claims of $12,224.63 for GST and $15,612.47 for the employee portion of payroll source deductions, and up to $6,000 in WEPPA claims for three employees, with distribution limited to a realization value of $1,288.12.
The court appointed MNP Ltd. as receiver and manager, on the application of Servus Credit Union Ltd.. Court file 2003 10327.
Source: Receivership Order
Debtor
1741578 Alberta Ltd.
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (employee portion payroll source deductions) · in 985 casesDeemed trust class; CRA advises claim based on examination of books and records and does not anticipate assessing further amounts — debtor: 1741578 Alberta Ltd. | $15.6K | First Report of the Receiver |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
4 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
| Brief | PDF · Subscribers | |
Application
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
| Notice & Statement | PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “1741578 Alberta Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/1741578-alberta-ltd